Physics and the economy

The importance of physics-based businesses to the economy.

Physics is central to the UK economy. Whether through the application of novel research and technologies, or through the skills and abilities of physics-trained workers, physics drives businesses and innovation. The Institute has commissioned a series of reports from Deloitte to investigate the employment opportunities and economic value physics-based businesses deliver across the UK and Ireland.

What is a physics-based business?Physics-based businesses are those businesses for which the use of physics is critical to their existence. Therefore, the employment of physicists is not necessary, but the application of physics-dependant knowledge and technology is. Further information regarding the criteria used to identify physics-based businesses can be found in the annex of each report.

Health of Phototonics Report, May 2018.

How light-based technologies are solving industry challenges, and how they can be harnessed to impact future economic growth